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The ROI of Travel and Entertainment Expense Report Automation

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Travel and entertainment (T&E) expense spending is for many organizations a significant investment with an expected financial return. Businesses spend between 6 percent and 12 percent of their total annual budget for T&E expenses, Aberdeen Group finds, and its success is often measured in terms of new business, stronger client and supplier relationships, and staff professional development. It’s an investment that pays off; for every dollar invested in business travel, U.S. companies generate $9.50 in revenue and $2.90 in profit, according to an analysis across 14 industries by Oxford Economics and the U.S. Travel Association.

However, T&E expenses are also a notoriously hard-to-control area of spending, often with complex rules and time-consuming procedures required for reimbursement. The way an organization manages its T&E expense reporting process can make all the difference. This white paper shows how T&E expense report automation pays for itself by helping organizations maximize employee productivity and reduce costly mistakes to ensure the greatest return on investment (ROI) for its T&E dollar.

Download the white paper to learn more today!

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